Fan Bao

Fan Bao is the founder and leader of China Renaissance, a full-service investment bank that grew from its original FA advisory roots to become a major player in China's capital markets during the mobile internet era . According to a 2023 暗涌Waves piece, he was widely recognized in Chinese capital circles as the "big brother" of the primary-market FA industry, though by that time competitors had begun catching up to China Renaissance's once-dominant lead . His last visible public activity came in January 2023, when he posted on WeChat Moments congratulating a portfolio company on its IPO; he went missing the following month and was reported to be under restricted freedom as of mid-2023, with employees receiving a group email from him in August that year .